Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
The market saw notable volatility today, starting on a strong note but encountering resistance at higher levels, which led to a pullback into negative territory. However, as the session advanced, buying interest in heavyweight stocks drove a recovery, helping the Sensex to close higher by 0.83 per cent, concluding at 74,340.09 level, while Nifty also closed moderately higher by 0.34 per cent, concluding at 21,618.70. Barring the Realty sector, all others ended higher, with Metal and Energy leading the gains.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Broader indices closed higher outperforming frontline indices with Nifty Mid-Cap surging by 0.37 per cent, while Nifty Small-Cap zoomed by 0.355 per cent.
Market volatility, as indicated by India VIX, has increased by 0.4 per cent, reflecting a decrease in market volatility compared to yesterday’s trading session.
Top 3 price-volume breakout stocks:
Castrol India Ltd traded with high volume of 7.39 crore shares, reaching a high of Rs 251.95 before closing at Rs 244.9. The stock saw a rise of 10.15 per cent from the previous close of Rs 222.33. Currently trading at Rs 244.9, it is near its 52-week high of Rs 284.4. The stock has gained 50.62 per cent from its 52-week low. The strong price movement with high volume indicates a price volume breakout and a volume spike.
Chennai Petroleum Corporation Ltd saw a trading volume of 1.80 crore shares, reaching a high of Rs 532.8 before settling at Rs 523.95. The stock increased by 11.17 per cent from the previous close of Rs 471.3. Currently trading at Rs 523.95, the stock has risen 20.98 per cent from its 52-week low. The trading session showed a price volume breakout with a volume spike.
Ujjivan Small Finance Bank Ltd had a trading volume of 1.54 crore shares, hitting a high of Rs 34.62 before closing at Rs 33.85. The stock moved up 5.55 per cent from its previous close of Rs 32.07. Currently trading at Rs 33.85, it has gained 9.62 per cent from its 52-week low. The stock saw a price volume breakout and a volume spike.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Castrol India Limited
|
245.88
|
7,39,58,346
|
|
2
|
Chennai Petroleum Corporation Limited
|
527.05
|
1,80,41,515
|
|
3
|
Ujjivan Small Finance Bank Ltd
|
33.89
|
1,54,82,886
|
|
4
|
Godawari Power And Ispat Limited
|
182.21
|
1,43,95,111
|
|
5
|
Mangalore Refinery And Petrochemicals Limited
|
113.1
|
1,35,12,753
|
|
6
|
Reliance Infrastructure Limited
|
235.86
|
1,09,64,418
|
|
7
|
CreditAccess Grameen Ltd
|
985
|
1,08,77,717
|
|
8
|
Triveni Turbine Limited
|
535.75
|
85,59,064
|
|
9
|
Sapphire Foods India Ltd
|
326.3
|
57,84,421
|
|
10
|
JSW Infrastructure Ltd
|
268.55
|
53,77,313
|
Disclaimer: The article is for informational purposes only and not investment advice.